The court will pronounce the quantum of the sentence on May 5.

Telgi and the others have been charged under sections 120-B (criminal conspiracy), 259 (having possession of counterfeit government stamp), 420 (cheating) and 471 (using as genuine a forged document) of the Indian Penal Code.

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A special sessions court in Bangalore had sentenced Telgi to seven years' rigorous imprisonment and a fine of Rs 1.25 lakh earlier this month in another case of the fake stamp paper racket.

Telgi was also sentenced in June 2007 to 13 years in jail with a fine of Rs.202 crore on various counts by the special court for Maharashtra Control of Organised Crimes Act (MCOCA).